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December 2024 St. Albert Market Statistics – Home Sales
December 2024 St. Albert market has shown notable growth, with several key statistics highlighting the current trends in the local housing market. This update provides insights into the performance of the market, including changes in the number of homes sold, average sale prices, and the time it takes to sell properties. Let’s take a closer look at the numbers that are shaping St. Albert’s real estate landscape.
Market Overview
The St. Albert housing market has experienced substantial growth in 2024. Both the number of homes sold and the average prices have increased compared to last year, reflecting a market that continues to perform well. Here are some key figures to keep in mind:
Bar Graphs Below Are Interactive
St. Albert New Listing Count
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- New Listings: In December 2024, there were 65 new listings, a 16.07% increase from the 56 new listings in December 2023. Year-to-date, there were 1,881 new listings in 2024, which is a slight increase of 0.86% from the 1,865 new listings in 2023.
- Steady Growth in Listings: The modest increase in new listings by 16.07% in December and 0.86% YTD suggests that there is a steady flow of homes coming onto the market. However, despite this increase, the demand is still outpacing the available inventory, which could contribute to the rising prices and quicker sales.
St. Albert Real Estate- Average List Price
- Average Asking Price: The average asking price for homes in St. Albert has risen to $571,000 in December 2024, a 6.79% increase from the average asking price of $534,000 in December 2023.
December 2024 St. Albert Home Sales
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- Sold Properties: In December 2024, a total of 68 homes were sold, which represents a 38.78% increase from the 49 properties sold in December 2023.
- Year-to-Date (YTD) Sales: The total number of homes sold in 2024 reached 1,496, a 23.94% increase from the 1,207 homes sold in 2023.
St. Albert Average Sale Price of Homes
- Average Sale Price: The average sale price in December 2024 was $455,000, reflecting a 7.54% increase from the previous year when the average sale price was $423,000. The year-to-date average sale price for 2024 is $497,000, a 9.10% increase from $455,000 in 2023.
St. Albert Housing Market Days on MLS®
- Days on Market: Homes in St. Albert are selling more quickly than last year. In December 2024, the average number of days on market until sale was 83 days, which is a 4.60% decrease from the 62 days it took in December 2023.
- Faster Sales: With the average days on market dropping by 4.60%, it’s clear that homes in St. Albert are selling more quickly than last year. This is a strong indicator of a seller’s market, where demand outpaces supply, leading to faster transactions. Buyers should be prepared to act quickly if they find a property that meets their needs.
Conclusion
The St. Albert real estate market in December 2024 has demonstrated significant growth across various metrics. With higher sales, increased prices, and faster transaction times, both buyers and sellers have a lot to consider as they navigate the market. As we move into 2025, it’s likely that St. Albert will continue to experience positive market conditions, making it an attractive area for those looking to buy or sell a home.
Data provided by the REALTORS® Association of Edmonton and subject to change. Always consult with a real estate professional for the most current market information.
Interested in buying or selling in the St. Albert real estate market CONTACT CHRIS REID
